Broadridge Financial Solutions, Inc. (NYSE:BR) Sees Large Drop in Short Interest

Broadridge Financial Solutions, Inc. (NYSE:BR) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totaling 1,130,000 shares, a decline of 22.6% from the July 31st total of 1,460,000 shares. Based on an average daily volume of 670,600 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 670,600 shares, the days-to-cover ratio is currently 1.7 days.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BR. Morgan Stanley increased their price objective on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $259.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Needham & Company LLC raised their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, UBS Group raised their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $261.50.

Broadridge Financial Solutions Price Performance

NYSE:BR opened at $252.41 on Wednesday. The firm has a market cap of $29.56 billion, a PE ratio of 35.60 and a beta of 0.96. Broadridge Financial Solutions has a 12 month low of $207.21 and a 12 month high of $271.91. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average price is $250.96 and its two-hundred day moving average price is $241.76.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.04. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The firm had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. The company’s revenue was up 6.2% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. On average, equities analysts anticipate that Broadridge Financial Solutions will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be paid a $0.975 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a yield of 1.5%. Broadridge Financial Solutions’s payout ratio is presently 55.01%.

Insider Transactions at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 7,036 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the transaction, the president owned 48,813 shares of the company’s stock, valued at approximately $12,824,151.36. This represents a 12.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Timothy C. Gokey sold 84,571 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the completion of the sale, the chief executive officer directly owned 165,634 shares of the company’s stock, valued at $42,986,992.02. The trade was a 33.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,532 shares of company stock worth $38,417,208. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BR. NewSquare Capital LLC raised its holdings in shares of Broadridge Financial Solutions by 89.5% in the second quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. ORG Partners LLC raised its stake in Broadridge Financial Solutions by 360.0% in the second quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 90 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the first quarter worth about $29,000. Caitong International Asset Management Co. Ltd raised its stake in Broadridge Financial Solutions by 85.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock worth $30,000 after acquiring an additional 57 shares in the last quarter. Finally, Bank of Jackson Hole Trust increased its stake in shares of Broadridge Financial Solutions by 110.3% in the second quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock valued at $30,000 after buying an additional 64 shares during the period. Institutional investors own 90.03% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.